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Tag: debt payoff strategies

How to Plan for Retirement While Paying Off Debt

Balancing retirement planning with debt repayment requires strategic prioritization. Focus on high-interest debt first, while contributing consistently to retirement accounts. Automate savings to ensure progress on both fronts.

Best Strategies for Reducing Debt This Year

Start by creating a detailed budget to track income and expenses. Focus on paying off high-interest debts first, and consider consolidating debts for lower interest rates. Regularly review and adjust your strategy to stay on track.